Amcor plc (AMCR) Stock: Should Investors Follow These Insider Trades?

Amcor plc (NYSE:AMCR) saw an upside of 0.17% to close Tuesday at $11.64 after adding $0.02 on the day. The 5-day average trading volume is 3,944,580 shares of the company’s common stock. It has gained $11.95 in the past week. An average of 4,862,065 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,514,898.

AMCR’s 1-month performance is -5.37% or -$0.66 on its low of $11.48 reached on 10/01/21. The company’s shares have touched a 52-week low of $10.26 and high of $12.92, with the stock’s rally to the 52-week high happening on 08/25/21. YTD, AMCR has lost -1.10% or -$0.13. However, the current price is down -9.91%% from the 52-week high price.


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Insider Transactions

On Sep 09, 34 days have gone by since the last insider trading activity for Amcor plc (AMCR). Delia Ronald Stephen (Chief Executive Officer) most recently sold 1,591,380 shares at $12.18 per share on Sep 09. This transaction cost the insider $19,386,538. President,Amcor Rigid Plastics, Roegner Eric V, sold 303,000 shares at a price of $12.30 on Sep 08. Then, on Sep 02, President,Amcor Rigid Plastics Roegner Eric V sold 3,287 shares at a price of $12.66 per share. This transaction amounted to $41,610.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 34.98 and a low of 18.69. AMCR stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.40 while the price-to-book (PB) in the most recent quarter is 3.75, with the price to cash flow ratio at 71.98.

Amcor plc pays an annual dividend of $0.47 per share. Its dividend yield is 4.04% and the payout ratio is 77.40%. AMCR’s most recent quarterly dividend payment was made on Sep. 28, when it paid $0.1175 a share compared with prior rate of $0.1170, up 0.43% from last year’s. The company has boosted its dividend for the last 38 consecutive years with the latest dividend increase of $0.0005 reported on Tuesday August 17 2021.

It is projected that Amcor plc’s next ex-dividend date will be on 26-Nov. AMCR is expected to distribute $0.1175 as its next dividend.

Amcor plc’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 1.20 meaning that AMCR stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.30, while the total debt to equity was 1.32. In terms of profitability, the gross margin trailing 12 months is 21.20%. while for the period ending June 29; Amcor plc’s operating margin was 10.30%. The firm’s gross profit as reported stood at $2.73 billion against revenue of $12.86 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Analysts expected AMCR to announce $0.22 per share in earnings in its latest quarter, but it posted $0.23, representing a 4.50% surprise. AMCR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.37 billion, with total debt at $6.85 billion

Technical Picture

Let’s look briefly at Amcor plc (AMCR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 39.80% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.07%.

The stock’s 5-day moving average is $11.71, reflecting a -1.36% or -$0.16 change from its current price. AMCR is currently trading -5.52% above its 20-day SMA, -2.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.04% and unch respectively.

Stochastic %K and %D was 36.92% and 47.10% and the average true range (ATR) pointed at 0.21. The RSI (14) points at 41.00%, while the 14-day stochastic is at 33.33% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at -0.04 and -0.07 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Amcor plc (NYSE: AMCR), Goldman downgraded it to a Sell rating. They previously had a Neutral rating on the stock. Analysts offering their rating for AMCR stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate AMCR as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.

What is AMCR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $11.17 and a high of $14.89, with their median price target at $12.92. Looking at these predictions, the average price target given by analysts is for Amcor plc (AMCR) stock is $12.80.

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